Of running anything actually, but particularly a railroad, as my friend reminds me.
Something else that
“may be charged by a TfL subsidiary without the consent of the Secretary of State”
is, as sub-paragraph (m) states,
“property related to the use of land for commercial letting”.
That makes me very worried, because if it is a building that has been let our leased out by TfL, possibly at a very high rent, and it decides to sell it off and cash in on it, then the public income and the capital value are lost, and at the end of the lease the capital opportunity of doing something else with that building is also lost.
My local authority, the London borough of Islington, tries not to sell property. It would much rather maximise the income from it, but maintain the capital, so that it is its for the future and for future use. [Interruption.] Does my Friend the Member for Hayes and Harlington (John McDonnell) wish to intervene?